SEC Form 4 · accession 0000038725-16-000383
FRANKLIN ELECTRIC CO INC · FELE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
delancey w davis
Officer — Vice President
Period of report
Jul 28, 2016
Accepted (ET)
Aug 1, 2016 · 1:51 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000038725
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| common stock | Jul 28, 2016 | M | 2,518 | $32.53 | A | 18,242 | D | |
| common stock | Jul 28, 2016 | M | 3,538 | $24.095 | A | 21,780 | D | |
| common stock | Jul 28, 2016 | M | 3,572 | $36.67 | A | 25,352 | D | |
| common stockF1 | Jul 28, 2016 | F | 8,206 | $39.56 | D | 17,146 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| optionF2 | $32.53 | Jul 28, 2016 | M | 2,518 | D | — | Mar 6, 2023 | common stock | 2,518 | 2,516 | D |
| optionF2 | $24.095 | Jul 28, 2016 | M | 3,538 | D | — | May 4, 2022 | common stock | 3,538 | 0 | D |
| optionF2 | $36.67 | Jul 28, 2016 | M | 3,572 | D | — | Feb 26, 2025 | common stock | 3,572 | 10,715 | D |
Explanation of responses
- F1Includes 4,023 restricted shares that vest 4 years after the 2/25/2016 grant date, 3,092 restricted shares that vest 4 years after the 2/26/2015 grant date, 2,531 restricted shares that vest 4 years after the 3/4/2014 grant date, 2,804 restricted shares that vest 4 years after the 3/6/2013 grant date, and 4,696 shares owned outright.
- F2The options become exercisable in four equal installments of 1/4 each year, beginning on the first anniversary of the grant date.